Have you fallen victim to a Hyperverse scam? Get in touch and take the first step to recovering what’s rightfully yours.
Built on the promises of high returns, the scam was essentially a Ponzi scheme, only allowing the founders to make money from it.
It’s said that HyperVerse, under the HyperFund name, had no legitimate source of revenue and, in true pyramid scheme fashion, any investor-requested withdrawals were covered by deposits made from new investors.
Since its inception back in 2020, HyperVerse found itself on the list of many different watchdog groups across the world, all warning investors not to use the platform. The Financial Market Authority in New Zealand even issued a public warning for investors that they believed the platform was not legitimate.
HyperVerse was a decentralised Blockchain platform, which allowed users or members to socialise and trade with one another. It was unique from other platforms in that it combined a focus of gaming and socialisation and had its own token – HVT. If legitimate, would have likely been successful within the Crypto industry with the unique blend of Blockchain and Metaverse.
Although the HyperVerse platform was very much real, in that it allowed investors to “invest” their funds and offered a Metaverse-style interaction between members, it was ultimately a pyramid and Ponzi scheme style of scam. There was no money to be made from investing on the platform, with those who did manage to make withdrawals doing so from the deposits and memberships of newer members.
The HyperVerse scheme was founded by Australian entrepreneur Sam Lee, along with his business partner Ryan Xu. It is one of many different investment schemes set up by the duo, especially under the HyperFund umbrella. They also co-founded the collapsed Blockchain Global – an Australian Bitcoin company – which was put into administration in 2021 and is noted to still owe its creditors roughly $58m.
Supporting you is our priority. That’s why we provide personalised plans and care around the clock to our clients.
Get a bespoke recovery programme for personalised support and the most cost-effective plans.
Being a victim of fraud can be devastating. We offer expert guidance and support when you need it.
Access ethical, transparent, and secure support from a SRA-regulated firm.
Over the past 3 years, we’ve recovered more than $40,000,000 for our clients. It’s thanks to our team of solicitors and recovery claim specialists who trace and recover the investments you’ve lost from scams. Plus, we offer a no-win, no-fee service. You won’t pay a thing except for your consultation tax and Legal KYC verification fee for assets ownership indication.
Co-founder and Solicitor
Director & Owner
Co-founder & Head of Operations
Chief Operating Officer
Head of Compliance
Head of First Response
First response team
First response team
First response team
Solicitor
Solicitor
Trainee Solicitor
Paralegal
Paralegal
Paralegal
Paralegal
HR
Paralegal
Paralegal
Paralegal
Head of Crypto Investigations
Join satisfied clients who’ve recovered their lost funds with TLR.
Falling victim to fraud can be overwhelming and distressing. You deserve expert guidance and support every step of the way.
Although the HyperVerse platform was very much real, in that it allowed investors to “invest” their funds and offered a Metaverse-style interaction between members, it was ultimately a pyramid and Ponzi scheme style of scam. There was no money to be made from investing on the platform, with those who did manage to make withdrawals doing so from the deposits and memberships of newer members.
As with all Ponzi and pyramid schemes, the funds had to run out eventually and, when HyperVerse collapsed, the only people who seemed to make a profit were its founders, leaving investors in the dark about where exactly their money had gone and whether it could be recovered.
HyperVerse was a decentralised Blockchain platform, which allowed users or members to socialise and trade with one another. It was unique from other platforms in that it combined a focus of gaming and socialisation and had its own token – HVT. HyperVerse was a virtual cosmos which allowed users – called Voyagers within the platform – to create and trade virtual items. It was a highly interesting concept and one which, if legitimate, would have likely been successful within the Crypto industry with the unique blend of Blockchain and Metaverse.
The HyperVerse scheme was founded by Australian entrepreneur Sam Lee, along with his business partner Ryan Xu. It is one of many different investment schemes set up by the duo, especially under the HyperFund umbrella. They also co-founded the collapsed Blockchain Global – an Australian Bitcoin company – which was put into administration in 2021 and is noted to still owe its creditors roughly $58m. As well as HyperVerse and Blockchain Global, Lee and Xu have publicly promoted various other failed crypto schemes which have also led to traders being unable to withdraw their funds and initial investments.
These different schemes have all seen the same results, and that’s investors losing their deposits. As of January 2024, the founders have been hit with both criminal and civil charges, only adding to the chequered history of defunct schemes.
The Australian Cyber Security center
18/20 Brindabella Cct
Canberra Airport ACT 2609
Australia
TrustLine